Added Ownership.md content

docs/index.md

@@ -6,4 +6,4 @@ What tools do we have to work with?
 
 <div id="pullquote">Democratic Mediums is a directory of patterns for decision, deliberation, and noise.</div>
 
-This is an early-stage project that is mostly incomplete. Browse some sample entries: [Bureaucracy](mediums/bureaucracy.md), [Condorcet](mediums/condorcet.md), [Delegation](mediums/delegation.md), [Ritual](mediums/ritual.md), [Sortition](mediums/sortition.md).
+This is an early-stage project that is mostly incomplete. Browse some sample entries: [Bureaucracy](mediums/bureaucracy.md), [Condorcet](mediums/condorcet.md), [Delegation](mediums/delegation.md), [Ownership](mediums/ownership.md), [Ritual](mediums/ritual.md), [Sortition](mediums/sortition.md).

docs/mediums/ownership.md

@@ -1,37 +1,43 @@
 # Ownership
 
-<!-- brief summary of the medium, no more than a handful of sentences
+Ownership is an umbrella term for a varying series of legal rights over particular entities. In the case of private corporate entities, ownership is a mechanism for claiming and clarifying governance rights.
 
-(delete these comments as you fill in the sections) -->
+**Input:** Corporate entity, specified rights of ownership
 
-**Input:** <!-- what is required to use it? -->
+**Output:** Specified owner involvement in corporate governance
-
-**Output:** <!-- what results does it produce? -->
 
 ## Background
 
-<!-- brief historical reference points -->
+Modern corporate ownership emerged during the rise of colonial and industrial economies, as a means of managing the complex financial arrangements necessary to capitalize those endeavors.
+
+Lawyers frequently refer to ownership as a "bundle of rights," suggesting that it is not a fixed or stable phenomenon but one that varies based on design and context.
 
 ## Feedback loops
 
 ### Sensitivities
 
-<!-- what does this medium capture especially well? -->
+* Clarifies in precise legal terms the governance claims of owners
+* Typically organizes influence according to stake in the entity to prevent free-riding
 
 ### Oversights
 
-<!-- what does this medium overlook? -->
+* Does not recognize the voices of important non-owning stakeholders
+* May obscure important externalities, such as social and environmental considerations
+* Inapplicable to non-ownable entities, like nonprofit organizations, information commons, and public-sector resources
 
 ## Implementations
 
 ### Communities
 
-<!-- what are some real-world examples in practice? -->
+* The [cooperative business tradition](https://www.ica.coop/en/cooperatives/what-is-a-cooperative) tends to employ ownership rights on a one-person-one-vote basis, rather than the one-share-one-vote model of most other corporate practice
 
 ### Tools
 
-<!-- what software, methodologies, or organizations are available to facilitate implementation -->
+* [Encode](https://encode.org/) offers "integrations of proven models, legal rules, and methodologies for fully distributing authority and ownership in a purpose-driven business"
+* [Upstock](https://upstock.io/) "creates tools and shares knowledge that aligns founders, investors, and team members" through equity compensation
 
 ## Further resources
 
-<!-- where should people look first if they want to learn more? -->
+* Chassagnon, V., & Hollandts, X. (2014). "[Who Are the Owners of the Firm: Shareholders, Employees, or No One?](https://doi.org/10.1017/S1744137413000301)" _Journal of Institutional Economics_, 10 (1), 47–69.
+* Hansmann, H. (1996). _The Ownership of Enterprise_.  Cambridge, MA: Harvard University Press.
+* Kelly, M. (2012). _Owning Our Future: The Emerging Ownership Revolution_. San Francisco: Berrett-Koehler Publishers.